All articles tagged with #job market
The US economy is expanding at a robust pace while job openings and hiring have fallen to multi-year lows, leaving some workers unemployed or underemployed despite strong growth. Analysts point to factors like AI-driven efficiency, outsourcing, immigration policy, and fiscal uncertainty as possible causes, with experts cautioning the trend could be temporary or longer-lasting.
Despite a $4.22 trillion economy, California’s job market weakened in 2025, ranking 37th for job growth after a 0.1% decline (about 11,200 jobs lost). The Bay Area dragged overall growth, with private-sector cuts outpacing government hires, and December 2025 unemployment at 5.5%, the worst in the nation. Nationally, jobs grew 0.4%. Experts cite high hiring costs and regulatory barriers, urging reforms to restore hiring competitiveness.
An Indeed/YouGov survey finds Gen Z is surprisingly optimistic about careers despite a widening gap between employees and employers: Gen Z shows a 77% net positive career outlook (65% for millennials), and 59% of job seekers overall feel confident they can reach their goals, while 85% of employers expect to meet their 2026 talent goals. However, 35% of job seekers cite AI adoption as their top concern, with 40% of employers labeling AI as a 2026 priority, signaling a no-hire, no-fire labor market and a friction between cautious workers and optimistic management. The report also notes rising gig stacking and suggests Gen Z could help lead AI efforts, though firms risk losing young talent if the disconnect isn’t addressed.
Last year, Trump's tariffs led to the slowest job growth in decades and a rise in unemployment, as businesses hesitated to hire or invest due to policy uncertainty, despite only modest increases in consumer prices.
Despite geopolitical turmoil and President Trump's aggressive actions, the US dollar has remained resilient, reaching a one-month high due to strong job market data and doubts about the extent of upcoming Federal Reserve interest rate cuts, highlighting the unpredictable nature of markets in the Trump era.
The U.S. economy in 2025 was characterized by contradictions such as healthy growth amid slowing hiring, elevated inflation, and rising unemployment, with uncertainties about future trends due to data disruptions and technological impacts like AI potentially leading to a 'jobless expansion.' Economists are cautiously optimistic about 2026, expecting improved hiring and growth, but underlying inequalities and data collection issues remain concerns.
Bank of America CEO Brian Moynihan highlights that while many Gen Z graduates are anxious about AI and job prospects, the bank's recent hiring of 2,000 top grads from 200,000 applications reflects ongoing opportunities. Moynihan encourages young people to harness their fears for future growth, as AI may drive efficiencies and growth in the economy. Meanwhile, experts note that Gen Z faces a challenging job market with low hiring rates, increased automation, and a sense of despair among recent grads, amid broader economic concerns.
Bank of America CEO Brian Moynihan announced the bank hired 2,000 recent Gen Z graduates from 200,000 applications, amid concerns about young people's fears of the future due to AI-driven automation and a challenging job market. Moynihan emphasized harnessing AI for growth and criticized overemphasis on the Fed's role in the economy. Meanwhile, experts highlight that Gen Z faces a 'hiring nightmare' with reduced entry-level opportunities and increased automation, leading many to pursue further education to compete.
Experts predict that the US economy in 2026 will see modest improvements in housing affordability and job growth, with inflation remaining above the Fed's target, leading to cautious optimism about economic stability. The Federal Reserve may continue to cut interest rates, and stock markets could perform well, but concerns about overvalued AI stocks and ongoing inflation challenges persist.
In 2025, the US economy experienced solid growth with resilient consumer spending and investment, but faced challenges such as rising unemployment, sluggish wage growth, and persistent inflation, especially impacting certain demographics and sectors.
In 2025, AI profoundly impacted society by influencing policy, mental health, and the economy, with increased investments and regulatory debates, alongside concerns over safety, mental health risks, and job losses, setting the stage for continued change in 2026.
Despite facing significant challenges in 2025, including inflation, a softer labor market, and geopolitical tensions, the US economy demonstrated remarkable resilience with strong GDP growth and a rising stock market, though underlying issues such as weak job creation and income inequality pose risks for 2026.
Contrary to popular belief, jobs most exposed to AI automation are actually experiencing higher growth and wage increases, with AI enhancing productivity rather than displacing workers. However, young entry-level workers face significant challenges, including reduced job opportunities and layoffs, which may be influenced by broader economic factors rather than AI alone.
2025 was a challenging year for job seekers in the US, with the worst hiring environment since the post-Great Recession era, driven by economic uncertainty, low job growth, and sector-specific struggles, making it a tough year especially for recent graduates and certain industries.
Despite the US economy's fastest growth in two years with a 4.3% GDP increase, many Americans remain pessimistic due to stagnant wages, rising living costs, and concerns over job security, highlighting a K-shaped recovery where the wealthy benefit while others struggle.